20 Bedroom Flat Sold in Macclesfield, SK11
| Reference | 51567 |
| Address |
42 Mill Street, Macclesfield, SK11 (Map Location) |
| Beds | 20 |
| Baths | 20 |
| Type | Flat |
| Tenure | Freehold |
| Built Area | 900 m2 |
UNDER OFFER. 23 Bed HMO, plus 2 flats and commercial - Development Opportunity - Planning permission in place.
Description
Property Summary
• Town centre retail premises
• Prime pedestrianised position
• Prospective Rental income: £210k+
• Full Planning permission 22/4407M
• Build budget £1M
• Profit > 30%
• GDV £2M
Description
A mid terraced building of traditional construction beneath a pitched roof and flat roof.
Planning for 6 x 2 bedroom flats with provision to extend finished planning permitted flats to 3 and 4 bedroom flats as in layouts via permitted development.
RIBA stage 4 and 5 drawing pack included.
Let Agreed!
Commercial space has been agreed to let to a local business for £36k pa on a 10 year lease with a rent review at the end of year 2.
VAT
The building is not opted to VAT
EPC
Rating 82 Band D – Development plans aim for residential EPC of A